Home » Business » Britam Announces Exit of Its CEO After 10 Months at The Helm

Britam Announces Exit of Its CEO After 10 Months at The Helm

by Zablon Ondari
2 mins read
20211126 172020

Britam Holdings has announced the resignation of its managing director, Tavaziva Madzinga, after less than one year in office.

Madzinga has served for 10 months having joined the company on 1st February 2021 following the retirement of Dr Benson Wairegi who had served in the company for more than four decades.

In a statement, Britam said that Madzinga will officially exit the listed firm in April 2022 to pursue another business opportunity and the firm has began the process of finding a suitable replacement.

“The Britam Group Managing Director, Mr. Tavaziva Madzinga, is set to transition from the Group in April 2022. Mr. Madzinga has overseen the Group’s return to profitability, initiated the transformation of the Group to a client centric organization with the development of the 2021-2025 strategy together with the global strategy group BCG and built a strong executive team with global experience that will propel the Group to the next level. Britam is grateful to have benefited from Mr Madzinga’s global experience in repositioning the Group for the future”, said the firm’s acting chairman Mohamed Said Karama.

Before his appointment, Madzinga worked at Swiss Re as CEO of UK and Ireland, one of the world’s biggest insurance and reinsurance companies.

Madzinga holds a Bachelor of Business Science in Actuarial Science from the University of Cape Town. In addition, he is a qualified Actuary and a Fellow of the Institute of Actuaries (FIA) and a member of the Actuarial Society of South Africa.

Meanwhile, Britam’s head of Finance Charles Njuguna has been appointed deputy managing director while Diane Korir has been promoted customer experience director and Catherine Karita as the head of strategy and investor relations.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More